![](https://investorshub.advfn.com/uicon/65225.png?cb=1555971359)
Thursday, June 17, 2010 7:11:08 PM
...then they finally get that .01 break they've been working their tail off for. The board is full of posters claiming "super sub penny day" and "its headed to .008", etc...It seems soooo perfect for a selloff. Those ultra low price targets appear to be within reach...
....but no one panics!...
Then the Bid starts to strengthen... The Ask starts to crumble with little buys, indicating that someone is putting up BS orders on the Ask to make it look like sell pressure... when the fact is, no one is selling SIZE at all...
...and for the rest of the day it slowly creeps to a safe distance over .01... with no more sell pressure in sight
Its disappointing for us longs when she walks up to the .012-.0125 area, hits resistance and drops back to the .01 area. ...so i KNOW that some are very disappointed tonight, no matter if they admit it or not...
There has not been many .01 breaks in 2010, but when it has, it never lasts longer than a few intraday hours.... Only one day this year we "closed" under .01, then it bounced back over the next day...
Some have to be getting anxious and wondering if they should be holding at least a starter position here @ .01... If i followed this stock as close as "some", no way would i want to miss a huge move.
PS: We could dip under .01 again, but its highly likely we'll just have the same type of day... Look at how the stock has reacted during past dips...
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM